Colgate needs to back its good Q1 show with consistency
New Delhi, July 30 -- Colgate-Palmolive (India) Ltd's total operating revenues grew 11.8% year-on-year in the June quarter (Q1FY27), the strongest performance in the past eight quarters. Larger rival Hindustan Unilever's oral care category reported mid-single digit growth last quarter.
Colgate's Q1 volume growth, estimated in high single digit, was largely better than expectations. The company said premium toothpaste delivered a stellar show, coupled with sustained growth in its core portfolio.
But investors aren't thrilled; the stock is down 2% since results were declared. This could be because Q1FY27 growth was also aided by a favourable base - Q1FY26 revenue had declined 4.2%.
Moreover, Q1FY27 Ebitda grew at a slower pace of 6.7% ye...
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